2024-11-08 15:18:00
On Friday, November 8, the parallel dollar sold for 1,132 pesos in Córdoba and reached 1,120 pesos in the city of Buenos Aires.
Some exchanges in the capital of Córdoba set a minimum amount of $500 for retail dollar business, so they will not trade below that amount.
Current quote
- – Purchase: $1,103.
- – Price: $1,132.
official dollar
The official USD purchase price in Córdoba is $959.15 and the sale price is $1,023.54.
european parliament dollar
For its part, MEP USD has a buying price of $1,134.68 and a selling price of $1,135.32.
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#Blue #Dollars #Córdoba #trading #Friday #8th #November
**Interview: Understanding the Recent Surge in the Parallel Dollar Rate in Argentina**
**Host:** Welcome to today’s discussion. We have with us an economic expert, Dr. Laura Méndez, to help us unravel the implications of the recent increase in the parallel dollar rate. Thank you for joining us, Dr. Méndez.
**Dr. Méndez:** Thank you for having me.
**Host:** The current parallel dollar rate has reached as high as 1,132 pesos in Córdoba and 1,120 pesos in Buenos Aires. What factors do you believe are driving this surge?
**Dr. Méndez:** Several factors are at play here, including inflation, government policies, and the demand for US dollars as a safe haven. Many Argentines are looking for ways to preserve their savings amid economic uncertainty, which has bolstered demand for the parallel dollar.
**Host:** It’s interesting to note that some exchanges in Córdoba have set a minimum transaction amount of $500. How does that impact everyday buyers who may not be able to afford such a high minimum?
**Dr. Méndez:** This approach can create a barrier for the average consumer. It could lead to a division in access to foreign currency, where only those with more significant investments can participate in the parallel market. This raises questions about equity and fairness in financial access.
**Host:** Indeed. The official dollar rate is significantly lower at around 1,023.54 pesos. How do you see this discrepancy affecting the broader economy?
**Dr. Méndez:** The gap between the official and parallel rates can lead to distortions in the economy. Businesses may struggle to operate when faced with rising costs due to the parallel dollar’s rate, and it may also discourage foreign investment as the exchange rate becomes more unpredictable.
**Host:** Given the volatility, what advice would you give to Argentinians regarding currency exchange right now?
**Dr. Méndez:** I’d advise individuals to stay informed and cautious. It’s essential to understand the risks involved in trading currency, especially in a fluctuating market. Diversifying where they hold their savings can be a smart approach to mitigate risks.
**Host:** This situation certainly provokes a lot of thought. Readers, with the parallel dollar rate causing such an upheaval in both personal finance and the broader economy, how do you think the government should respond? Should they intervene more forcefully in the foreign exchange market, or is this a necessary adjustment for the economy? Share your thoughts.
